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M&A and Subsidiary Changes8273IZUMI CO.,LTD.Retail

Notice Regarding an Absorption-Type Merger Between Wholly Owned Subsidiaries

IZUMI CO.,LTD. has decided that its three wholly owned subsidiaries will be consolidated through an absorption-type merger, with ゆめマート熊本 as the surviving company and ゆめマート北九州 and サンライフ as the absorbed companies. Following the merger, the surviving company will change its corporate name to 株式会社ゆめマート九州, integrating the operation of the supermarket business in Kyushu.

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This transaction

This merger
Counterparty株式会社ゆめマート北九州, 株式会社サンライフ
Disclosing companyIZUMI CO.,LTD.
株式会社ゆめマート熊本, 株式会社ゆめマート北九州, 株式会社サンライフSubject of this transactionVoting rights ownership percentage Before 100% owned by IZUMI CO.,LTD. in each case (after not disclosed)
TimelineThe spacing between the points is proportional to the actual number of days.White points represent dates designated as scheduled dates in the document.
Target company

Sale of food and other products through supermarket operations

Location Higashi-ku, Kumamoto, Kumamoto Prefecture, Yahatanishi-ku, Kitakyushu, Fukuoka Prefecture, Oita City, Oita PrefectureShare capital ¥257 million, ¥100 million, ¥10 millionDate of incorporation 29 July 2003, 15 February 1971, 16 October 1969
Net Sales¥108,709 million (fiscal year ended February 2026), ¥25,391 million (fiscal year ended February 2026), ¥4,944 million (fiscal year ended February 2026)
Operating profit¥165 million (fiscal year ended February 2026), ¥237 million (fiscal year ended February 2026), -¥18 million (fiscal year ended February 2026)
Net income for the current fiscal year-¥181 million (fiscal year ended February 2026), ¥15 million (fiscal year ended February 2026), -¥27 million (fiscal year ended February 2026)
Net assets¥85,616 million (fiscal year ended February 2026), ¥4,300 million (fiscal year ended February 2026), ¥1,522 million (fiscal year ended February 2026)
Consideration and expenses
Acquisition priceNo new shares will be issued and no cash or other assets will be allocated in connection with this merger.
Type of ConsiderationNo consideration (no issuance of new shares or allocation of cash or other assets)
Impact on Business Performance

The impact of this merger on the Company's consolidated results will be immaterial.

Procedures and assumptions
Conditions Precedent to ExecutionApproval at the shareholders' meetings of the companies involved (予定 December 2026)
Management structure after acquisitionThe corporate name will be 株式会社ゆめマート九州 and the representative will be Representative Director Yamano Masamichi (山野 正道). There will be no change to the location, business activities, capital or fiscal year-end. Employee treatment: not disclosed
This transaction
ItemDetails
Transaction nameThis merger
Counterparty name株式会社ゆめマート北九州, 株式会社サンライフ
Name of the Subject Company株式会社ゆめマート熊本, 株式会社ゆめマート北九州, 株式会社サンライフ
Business Description of the Subject CompanySale of food and other products through supermarket operations
Location of the Subject CompanyHigashi-ku, Kumamoto, Kumamoto Prefecture, Yahatanishi-ku, Kitakyushu, Fukuoka Prefecture, Oita City, Oita Prefecture
Capital Stock of the Subject Company¥257 million, ¥100 million, ¥10 million
Date of Establishment of the Subject Company29 July 2003, 15 February 1971, 16 October 1969
Net Sales of the Subject Company¥108,709 million (fiscal year ended February 2026), ¥25,391 million (fiscal year ended February 2026), ¥4,944 million (fiscal year ended February 2026)
Operating Profit of the Subject Company¥165 million (fiscal year ended February 2026), ¥237 million (fiscal year ended February 2026), -¥18 million (fiscal year ended February 2026)
Net Income of the Subject Company-¥181 million (fiscal year ended February 2026), ¥15 million (fiscal year ended February 2026), -¥27 million (fiscal year ended February 2026)
Net Assets of the Subject Company¥85,616 million (fiscal year ended February 2026), ¥4,300 million (fiscal year ended February 2026), ¥1,522 million (fiscal year ended February 2026)
Acquisition priceNo new shares will be issued and no cash or other assets will be allocated in connection with this merger.
Type of ConsiderationNo consideration (no issuance of new shares or allocation of cash or other assets)
Voting rights ownership percentageBefore 100% owned by IZUMI CO.,LTD. in each case (after not disclosed)
Impact on Business PerformanceThe impact of this merger on the Company's consolidated results will be immaterial.
Date of board resolution13 October 2026
Contract Date13 October 2026
Execution Date / Effective Date1 March 2027 (予定)
Conditions Precedent to ExecutionApproval at the shareholders' meetings of the companies involved (予定 December 2026)
Management structure after acquisitionThe corporate name will be 株式会社ゆめマート九州 and the representative will be Representative Director Yamano Masamichi (山野 正道). There will be no change to the location, business activities, capital or fiscal year-end. Employee treatment: not disclosed
Items this document does not state (12)
Expenses other than the acquisition priceMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Valuation methodologyIndependent valuation institutionSpecial Committee

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

To review the business operating structure among the subsidiaries in the Kyushu area, strengthen sales support functions, improve and enhance the efficiency of administrative and back-office functions, and strengthen group governance.

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Notice Regarding an Absorption-Type Merger Between Wholly Owned Subsidiaries | IZUMI CO.,LTD. (8273) timely disclosure | Komori